<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
July 30, 1999
Date of Report
(Earliest Reported
Event is July 1, 1999)
PHP HEALTHCARE CORPORATION
(Exact name of registrant as specified in its charter)
Commission File No. 0-16235
Delaware 54-1023168
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or jurisdiction)
1850 Centennial Park Drive
Reston, Virginia 20191
(Address of principal (Zip Code)
executive offices)
(703) 758-3600
Registrant's telephone number, including area code:
_________________________________________________________________________
(Former names or former address, if changed since last report)
<PAGE>
Item 5. Other Events
- ---------------------
As previously reported by PHP Healthcare Corporation (the "Company" or "PHP"),
on November 19, 1998, the Company filed in the United States Bankruptcy Court
for the District of Delaware (the "Bankruptcy Court"), Bankruptcy Case No. 98-
2608(JJF), a voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code. In accordance with its Chapter 11 reporting obligations, the
Company filed its monthly operating report for the month ended July 1999 (the
"Monthly Report") with the Office of the U.S. Trustee and the Bankruptcy Court
on August 23, 1999. The Monthly Report is attached with this Current Report on
Form 8-K as Exhibit 99.1 Due to the volume of documents and the expense
associated with the electronic filing of the Monthly Report, certain exhibits
and attachments to the Monthly Report are not attached as part of Exhibit 99.1,
but are available upon request from the Office of the United States Trustee, the
Bankruptcy Court or the Company. In addition, the Company agrees that it will
furnish a copies of the omitted attachments to the Commission upon its request.
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits. The following exhibits are furnished as part of this report:
Exhibit Description
------- -----------
99.1 Monthly Operating Report of PHP Healthcare Corporation
as filed with the Office of the U.S. Trustee and the
United States Bankruptcy Court for the District
of Delaware on August 23, 1999.
FORWARD LOOKING STATEMENTS
This Report contains forward-looking statements. The words, "believe",
"expect", and "anticipate" and similar expressions identify such forwarding-
looking statements. These forward-looking statements reflect the Company's
views with respect to future events and financial performance. Such statements
are subject to risks and uncertainties that could cause the Company's actual
results and financial position to differ materially from those projected in the
forward-looking statements. Risks associated with the Company's forward-looking
statements include, but are not limited to, those risk factors described in the
Company's Form 10-K under the caption "Business Risk Factors". Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of their dates. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PHP HEALTHCARE CORPORATION
By: /s/ Anthony M. Picini
---------------------------------------
Name: Anthony M. Picini
Title: Executive Vice President
Officer
Dated: August 30, 1999
<PAGE>
EXHIBIT INDEX
Exhibit Description
------- -----------
99.1 Monthly Operating Report of PHP Healthcare Corporation
as filed with the Office of the U.S. Trustee and the
United States Bankruptcy Court for the District of
Delaware on August 23, 1999.
<PAGE>
CASH BASIS-1
EXHIBIT 99.1
Office of the United States Trustee - Region 3
Monthly Operating Report
for the month ending July, 1999
================================================================================
Document Previously Explanation
Required Attachments Attached Submitted Attached
1. Tax Receipts N/A ( ) ( ) ( )
2. Bank Statements (X) ( ) ( )
3. Most Recently Filed ( ) ( ) ( )
Income Tax Return
4. Most Recently Annual ( ) (X) ( )
Financial Statements
Prepared by Accountant
IN ACCORDANCE WITH TITLE 25, SECTION 1746 OF THE UNITED STATES CODE, I
DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY
OPERATING REPORT (CASH BASIS - 1 THROUGH CASH BASIS - 9) AND THE
ACCOMPANYING ATTTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS
ARE TRUE, CORRECT AND COMPLETE DECLARATION OF THE PREPARER (OTHER THAN
RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER AS ANY
KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Anthony M. Picini Executive V.P.
----------------------------------- -----------------------------
SIGNATURE OF RESPONSIBLE PARTY TITLE
Anthony M. Picini 8/23/99
----------------------------------- -----------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER
___________________________________ _____________________________
SIGNATURE OF PREPARER TITLE
___________________________________ _____________________________
PRINTED NAME OF PREPARER DATE
All Chapter 11 debtors must file this report with the Court
and serve a copy on the United States Trustee
no later than the 15th day of the month following the end of
the month covered by this report.
<PAGE>
CASH BASIS-2
Jul-99 MONTH ENDING
------
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
CASH RECEIPTS AND MONTH MONTH MONTH
-----------------------------------------------------------
DISBURSEMENTS 5/31/1999 6/30/1999 7/31/1999
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 Cash -Beginning of Month 3,148,806 4,682,689 4,017,046
- ----------------------------------------------------------------------------------------------------------------------
Receipts
- ----------------------------------------------------------------------------------------------------------------------
2 Cash Sales 84,368 164,916 12,362
- ----------------------------------------------------------------------------------------------------------------------
3 Accounts Receivable Collections 4,728,817 106,712 0
- ----------------------------------------------------------------------------------------------------------------------
4 Loans & Advances
- ----------------------------------------------------------------------------------------------------------------------
5 Sale of Assets (attachment 2C) 2,191,900 0 0
- ----------------------------------------------------------------------------------------------------------------------
6 Lease & Rental Income
- ----------------------------------------------------------------------------------------------------------------------
7 Wages
- ----------------------------------------------------------------------------------------------------------------------
8 Other (Attach List) (attachment 2A) 1,429,093 1,018,241 699,499
- ----------------------------------------------------------------------------------------------------------------------
9 Total Receipts (total lines 2-8) 8,434,178 1,289,870 711,860
- ----------------------------------------------------------------------------------------------------------------------
DISBURSEMENTS
- ----------------------------------------------------------------------------------------------------------------------
10 Net Payroll
- ----------------------------------------------------------------------------------------------------------------------
11 Payroll Taxes Paid
- ----------------------------------------------------------------------------------------------------------------------
12 Sales, Use & Other Taxes Paid
- ----------------------------------------------------------------------------------------------------------------------
13 Inventory Purchases
- ----------------------------------------------------------------------------------------------------------------------
14 Mortgage Payments
- ----------------------------------------------------------------------------------------------------------------------
15 Other Secured Note Payments
- ----------------------------------------------------------------------------------------------------------------------
16 Rental & Lease Payments
- ----------------------------------------------------------------------------------------------------------------------
17 Utilities
- ----------------------------------------------------------------------------------------------------------------------
18 Insurance
- ----------------------------------------------------------------------------------------------------------------------
19 Vehicle Expense
- ----------------------------------------------------------------------------------------------------------------------
20 Travel
- ----------------------------------------------------------------------------------------------------------------------
21 Entertainment
- ----------------------------------------------------------------------------------------------------------------------
22 Repairs & Maintenance
- ----------------------------------------------------------------------------------------------------------------------
23 Supplies
- ----------------------------------------------------------------------------------------------------------------------
24 Advertising
- ----------------------------------------------------------------------------------------------------------------------
25 Household Expenses
- ----------------------------------------------------------------------------------------------------------------------
26 Charitable Contributions
- ----------------------------------------------------------------------------------------------------------------------
27 Gifts
- ----------------------------------------------------------------------------------------------------------------------
28 Other (Attach List) (attachment 2B) 1,662,418 798,008 579,490
- ----------------------------------------------------------------------------------------------------------------------
29 Total Lines 10 thru 28 1,662,418 798,008 579,490
- ----------------------------------------------------------------------------------------------------------------------
REORGANIZATION EXPENSES
- ----------------------------------------------------------------------------------------------------------------------
30 Professional Fees 560,511 781,979 656,256
- ----------------------------------------------------------------------------------------------------------------------
31 U.S. Trustee Fees 10,000
- ----------------------------------------------------------------------------------------------------------------------
32 Other (Attach List) (attachment 2D) 4,677,366 375,526 193,576
- ----------------------------------------------------------------------------------------------------------------------
33 Total Lines 30 thru 32 5,237,877 1,157,505 859,833
- ----------------------------------------------------------------------------------------------------------------------
34 Total Disbursements (line 29+line 33) 6,900,295 1,955,513 1,439,323
- ----------------------------------------------------------------------------------------------------------------------
35 Net Cash Flow (line 9 - line 34) 1,533,883 (665,643) (727,463)
- ----------------------------------------------------------------------------------------------------------------------
36 Cash - End of Month (line 1 + line 35) 4,682,689 4,017,046 3,289,583
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP HEALTHCARE CORP.
Other Receipts
July 1999
<TABLE>
<CAPTION>
================================================================================
Description Net Amount
================================================================================
<S> <C> <C>
Tony Picini Purchase of Car 15,010.00
Tony Picini Executive loan repayment 4,000.00
Reliastar Refund of Deposit 14,367.00
Core Source Refund of Deposit 56,338.83
US Postal Service Refund of Deposit 29,040.60
Key Man Life
Insurance Cash Surrender 337,994.62
Benicor Cobra Payments 12,118.03
Commonwealth of VA Overpayment of State Withholding Tax 38,085.96
Interest Income Nations Repurchase Program 13,487.98
Family Practice Collection of receivables after sale of 31,511.51
contract
(receivables were forwarded to Sterling
Medical Associates)
Social Workers Collection of receivables after sale of 147,544.32
contract
(receivables were forwarded to Sterling
Medical Associates)
- --------------------------------------------------------------------------------
Total Other Receipts 699,498.85
================================================================================
</TABLE>
Attachment 2A
<PAGE>
PHP HEALTHCARE CORP.
EXPENSES - CASH BASIS
July 1999
<TABLE>
<CAPTION>
============================================================
Description Net Activity
============================================================
<S> <C>
Net Payroll 154,124
Payroll Taxes and Withholdings 122,975
Insurance 24,772
Legal 12,250
Deposits 1,000
Health/Dental Claims 6,281
Contract-Consultant 106,237
Contract-Office Temps 22,068
Fringe Benefits 10,209
Office Supply Expense 1,131
Utilities 76
Bldg & Office Expense 98,308
Business Taxes/Licenses 9,641
Professional Dues & Subs 710
Business Travel & Meals 45
Interest Expense 57
Misc. Expense 9,605
------------------------------------------------------------
Total Disbursements 579,490
============================================================
</TABLE>
Attachment 2B
<PAGE>
PHP HEALTHCARE CORPORATION
Other Disbursements
July 1999
<TABLE>
<CAPTION>
=======================================================================================
Sterling Med.
Associates Total
=======================================================================================
<S> <C> <C>
Family Practice Receipts 31,511.51 31,511.51
Social Workers Receipts 162,064.96 162,064.96
- ---------------------------------------------------------------------------------------
Total Other Disbursements 193,576.47 193,576.47
=======================================================================================
</TABLE>
Attachment 2D
<PAGE>
CASH BASIS-3
Debtor: PHP HEALTHCARE CORPORATION
Case No: 98-2608 (MFW)
<TABLE>
<CAPTION>
- -----------------------------------------
CASH DISBURSEMENTS DETAIL MONTH: Jul-99
----------------
(Attach sheets if necessary)
- --------------------------------------------------------------------------------
CASH DISBURSEMENTS
- --------------------------------------------------------------------------------
DATE PAYEE PURPOSE AMOUNT
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Various Various (See attachment 3A) 311,259
--------------------------------------------------------------------------
7/1-31/99 Various (See attachment 3C) 396,192
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Total Cash Disbursements 707,452
- --------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------
BANK ACCOUNT DISBURSEMENTS
- --------------------------------------------------------------------------------
CHECK
NUMBER DATE PAYEE PURPOSE AMOUNT
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------
Various 7/1-31/99 Various (See attachment 3B) 577,747
- --------------------------------------------------------------------------------
Various 7/1-31/99 Various Net Payroll 154,124
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Total Bank Account Disbursements 731,871
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL DISBURSEMENTS FOR THE MONTH 1,439,323
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP HEALTHCARE CORP.
NationsBank Concentration Account 375 052 7254
Cash Disbursements
Jul-99
<TABLE>
<CAPTION>
====================================================================================================================================
ReliaStar/ Corp Payroll Sterling Med Misc.
JUL Vendor Description CoreSource Taxes Taxes Associates Exp
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
8 ADP Payroll 44,701.77
22 ADP Payroll 39,888.59
29 ADP Payroll (202.23)
29 ADP Payroll 19,375.01
8 California Franchise Tax Board CA Income Tax Extension 800.00
22 Nationsbank Account Analysis Charge 2,226.04
23 Nationsbank Analysis Fee for DC Chartered 385.10
9 NJ Div of Taxation Corporate Business Tax 200.00
14 ReliaStar Claims & Admin Fees 6,281.22
1 Sterling Medical Associates Social Worker Receipts 14,520.64
2 Sterling Medical Associates Social Worker Receipts 12,205.92
6 Sterling Medical Associates SW & Family Practice Receipts 108,831.75
8 Sterling Medical Associates Social Worker Receipts 14,692.98
9 Sterling Medical Associates Social Worker Receipts 9,126.48
12 Sterling Medical Associates Social Worker Receipts 12,042.80
21 Sterling Medical Associates Social Worker Receipts 9,242.19
26 Sterling Medical Associates Social Worker Receipts 12,913.71
16 Payroll Taxes PHP - VA Tax w/h 757.60
16 Payroll Taxes PHP - MD Tax w/h 377.95
29 Payroll Taxes PHP - FUTA 2,891.68
------------------------------------------------------------------------------------------------------------------------------
Total 6,281.22 1,000.00 107,790.37 193,576.47 2,611.14
==============================================================================================================================
<CAPTION>
=========================================================
JUL Vendor TOTAL
=========================================================
<S> <C> <C>
8 ADP 44,701.77
22 ADP 39,888.59
29 ADP (202.23)
29 ADP 19,375.01
8 California Franchise Tax Board 800.00
22 Nationsbank 2,226.04
23 Nationsbank 385.10
9 NJ Div of Taxation 200.00
14 ReliaStar 6,281.22
1 Sterling Medical Associates 14,520.64
2 Sterling Medical Associates 12,205.92
6 Sterling Medical Associates 108,831.75
8 Sterling Medical Associates 14,692.98
9 Sterling Medical Associates 9,126.48
12 Sterling Medical Associates 12,042.80
21 Sterling Medical Associates 9,242.19
26 Sterling Medical Associates 12,913.71
16 Payroll Taxes 757.60
16 Payroll Taxes 377.95
29 Payroll Taxes 2,891.68
--------------------------------------------------
Total 311,259.20
==================================================
</TABLE>
Schedule 3A
<PAGE>
CASH BASIS-4
<TABLE>
<CAPTION>
- ---------------------------------
ACCOUNTS RECEIVABLE MONTH: Jul-99
--------------
Accounts Receivable -Trade
- --------------------------------------------------------------------------------
<S> <C>
Total accounts receivable at the beginning of the period 104,271
- --------------------------------------------------------------------------------
Amounts billed during the period, net of adjustments 0
- --------------------------------------------------------------------------------
Amounts collected during the period 0
- --------------------------------------------------------------------------------
Total accounts receivable at the end of the period 104,271
- --------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE AGING AMOUNT
- --------------------------------------------------------------------------------
<S> <C>
0 - 30 days old 0
- --------------------------------------------------------------------------------
30 - 60 days old 0
- --------------------------------------------------------------------------------
61 - 90 days old 0
- --------------------------------------------------------------------------------
91 + days old 104,271
- --------------------------------------------------------------------------------
TOTAL ACCOUNTS RECEIVABLE 104,271
- --------------------------------------------------------------------------------
TOTAL CONSIDERED UNCOLLECTIBLE 0
- --------------------------------------------------------------------------------
ACCOUNTS RECEIVABLE (NET) 104,271
- --------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------
AMOUNTS DUE FROM AFFILIATES & INSIDERS (ITEMIZE) AMOUNT
- --------------------------------------------------------------------------------
<S> <C>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(See attachment 4A) 63,958,597
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL 63,958,597
- --------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------
INVENTORY AMOUNT
- --------------------------------------------------------------------------------
<S> <C>
Beginning inventory 0
- --------------------------------------------------------------------------------
Plus Purchases
- --------------------------------------------------------------------------------
Minus Sales
- --------------------------------------------------------------------------------
Ending Inventory 0
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP Healthcare Corp.
Amounts Due from Affiliates & Insiders
Julio 31, 1999
Exec Loan Program Amount
----------------- ------
Jack Mazur 5,548,411
Michael Starr 1,413,347
Anthony Picini 143,176
William Lubin 177,247
Kenneth Weixel 281,893
Robert Bowles 459,485
Frank Provato 137,243
------------------------------------------------------
Subtotal 8,160,802
------------------------------------------------------
Other Notes Receivable
----------------------
Robert Bowles 701,938
Kenneth Weixel-Employment 80,000
Kenneth Weixel-Other 280,566
G&L Realty 2,170,000
Shamrock Investments 978,879
------------------------------------------------------
Subtotal 4,211,383
------------------------------------------------------
Due from Subsidiaries
---------------------
Pinnacle Health 23,858,130
Enterprises, LLC
Pinnacle Medical Group, PA 22,417,353
All other subsidiaries 5,310,928
------------------------------------------------------
Subtotal 51,586,412
------------------------------------------------------
------------------------------------------------------
Grand Total 63,958,597
======================================================
Attachment 4A
<PAGE>
CASH BASIS-5
<TABLE>
<CAPTION>
MONTH: Jul-99
--------------------
- -----------------------------------------------------------------------------------------------------------------
UNPAID POSTPETITION PAYABLES AND AGING AMOUNT
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Postpetition items
Reorganization Expenses
Professional Fees 676,946
U.S. Trustee Fees
Court Fees
Trade Debt 0
Other (attach list) (Report tax in next section only)
- -----------------------------------------------------------------------------------------------------------------
AGING 0-30 31'-60 61-90 90 +
PAYABLES DAYS DAYS I DAYS TOTAL
- -----------------------------------------------------------------------------------------------------------------
676,946 0 0 0 676,946
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------
STATUS OF POST PETITION TAXES
- -----------------------------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD AMOUNT TAX DELINQUENT
LIABILITY* OR ACCRUED PAID LIABILITY TAXES
<S> <C> <C> <C> <C> <C>
Federal
- -----------------------------------------------------------------------------------------------------------------
Withholding** 0 52,635 52,635 0
- -----------------------------------------------------------------------------------------------------------------
FICA Employee** 0 18,309 18,309 0
- -----------------------------------------------------------------------------------------------------------------
FICA Employer** 0 18,309 18,309 0
- -----------------------------------------------------------------------------------------------------------------
Unemployment 2,931 100 3,032 0
- -----------------------------------------------------------------------------------------------------------------
Income - -
- -----------------------------------------------------------------------------------------------------------------
Other (Attach List)
- -----------------------------------------------------------------------------------------------------------------
Total Federal Taxes 2,931 89,354 92,285 - -
- -----------------------------------------------------------------------------------------------------------------
State and Local
- -----------------------------------------------------------------------------------------------------------------
Withholding 1,132 17,816 18,948 0
- -----------------------------------------------------------------------------------------------------------------
Sales
- -----------------------------------------------------------------------------------------------------------------
Excise
- -----------------------------------------------------------------------------------------------------------------
Unemployment 8,082 3,660 11,742 0
- -----------------------------------------------------------------------------------------------------------------
Real Property
- -----------------------------------------------------------------------------------------------------------------
Personal Property
- -----------------------------------------------------------------------------------------------------------------
Other (Attach List)
- -----------------------------------------------------------------------------------------------------------------
Total State & Local 9,214 21,475 30,690 0 0
- -----------------------------------------------------------------------------------------------------------------
Total Taxes 12,146 110,829 122,975 0 0
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
*The beginning tax liability should represent the liability from the prior month
or if this is the first operating report the amount should be zero.
** Attach photocopies of PCF Form 8123 or your FTD coupon and payment receipt
to verify payment or deposit.
<PAGE>
CASH BASIS-6
The debtor in possession must complete the reconciliation below for each bank
account, including all general, payroll and tax accounts, as well as all savings
and investment accounts, money market accounts, certificates of deposit,
government obligations, etc. Accounts with restricted funds should be identified
by placing an asterix next to the account number. Attach additional sheets if
necessary.
<TABLE>
<CAPTION>
MONTH: Jul-99
- ------------------------------------------------- -----------------------------------------------------------
BANK RECONCILIATIONS
Account #1 Account #2 Account #3 Account #4
<S> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
A BANK: ------------------------------- ------------------------------------
B ACCOUNT NUMBER ------------------------------- ------------------------------------
C PURPOSE (TYPE) ------------------------------- ------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
1 Balance per Bank Statement (See Attachment 6A)
- ------------------------------------------------------------------------------------------------------------------------
2 Add: Total Deposits
- ------------------------------------------------------------------------------------------------------------------------
3 Less: Outstanding Checks
- ------------------------------------------------------------------------------------------------------------------------
4 +/- Other Reconciling Items (Attach List)
- ------------------------------------------------------------------------------------------------------------------------
5 Month Ending Balance Per Books As of 7/31/99 3,289,583
- ------------------------------------------------------------------------------------------------------------------------
6 Number of Last Check Written
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------
INVESTMENT ACCOUNTS
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Date of Type of Purchase Current
BANK ACCOUNT NAME & NUMBER Purchase Instrument Price Value
- ------------------------------------------------------------------------------------------------------------------------
7
- ------------------------------------------------------------------------------------------------------------------------
8
- ------------------------------------------------------------------------------------------------------------------------
9
- ------------------------------------------------------------------------------------------------------------------------
10
- ------------------------------------------------------------------------------------------------------------------------
11 Total Investment 0 0
- ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------
CASH
- ------------------------------------------------------------------------------------------------------------------------
<S> <C>
12 Currency on Hand 0
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
13 TOTAL CASH - END OF MONTH (Total lines 5, 11 &12) As of 7/31/99 3,289,583
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please attach copies of BANK STATEMENTS.
<PAGE>
PHP Healthcare Corporation
Cash Balances
7/31/1999
<TABLE>
<CAPTION>
===================================================================================================================================
G/L Balance G/L Balance
Bank Title Account # 6/30/1999 7/31/1999
===================================================================================================================================
<S> <C> <C> <C> <C>
NationsBank Concentration 375 052 7254 4,096,936 3,222,221
NationsBank Payroll 375 001 8420 10,154 16,480
NationsBank Executive 375 052 6886 2,127 2,104
NationsBank Accounts Payable-Post-Petition 375 123 3738 (92,172) 48,778
- -----------------------------------------------------------------------------------------------------------------------------------
Total 4,017,046 3,289,583
===================================================================================================================================
</TABLE>
Attachment 6A
<PAGE>
CASH BASIS-7
- -------------------------------------------------------------------------------
PAYMENTS TO INSIDERS AND PROFESSIONALS
- -------------------------------------------------------------------------------
MONTH:July-99
Of the total disbursements shown for the month, list the amount paid to insiders
(as defined in section 101 (31) (A)-(F) of the U.S. Bankruptcy Code) and to
professionals, for payments to insiders, identify the type of compensation paid
(e.g. salary, bonus, commission, insurance, housing allowance travel car
allowance, etc), Attach additional sheets if necessary.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
INSIDERS
- -----------------------------------------------------------------------------------------------------------------------------------
TYPE OF CUMULATIVE UNPAID
NAME POSITION PAYMENT PAID BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 K. Weixel Acting CEO & President Salary -
- -----------------------------------------------------------------------------------------------------------------------------------
2 M Starr Senior Executive Vice President Salary - -
- -----------------------------------------------------------------------------------------------------------------------------------
3 A. Picini Executive Vice President Salary 23,577 -
- -----------------------------------------------------------------------------------------------------------------------------------
4 J. Hercenberg Senior Vice President Salary 21,654 -
- -----------------------------------------------------------------------------------------------------------------------------------
5 J. Mazur Former CEO & President Salary - -
- -----------------------------------------------------------------------------------------------------------------------------------
6 W. Lubin Former Executive Vice President Salary - -
- -----------------------------------------------------------------------------------------------------------------------------------
7 D. Berman Former Senior Vice President Salary - -
- -----------------------------------------------------------------------------------------------------------------------------------
Total Payments to Insiders 45,231 -
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
PROFESSIONALS
- -----------------------------------------------------------------------------------------------------------------------------------
DATE OF COURT TOTAL
ORDER AUTH. AMOUNT AMOUNT PAID
NAME PAYMENT APPROVED PAID TO DATE (cumulative)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Richards, Layton &
1 Finger Legal Fees - 6/14/99 146,401 146,401 907,914
- -----------------------------------------------------------------------------------------------------------------------------------
2 The Bayard Firm Legal Fees - 6/3/99 27,816 24,290 39,630
- -----------------------------------------------------------------------------------------------------------------------------------
Cole, Schotz,
3 Meisel, Forman Legal Fees - 6/9/99 131,594 118,187 436,103
- -----------------------------------------------------------------------------------------------------------------------------------
4 Comey, Boyd &
Luskin Legal Fees - 6/3/99 0 0 398,367
- -----------------------------------------------------------------------------------------------------------------------------------
Weil Gotshal &
5 Manges, LLP Legal Fees 0 0 63,775
- -----------------------------------------------------------------------------------------------------------------------------------
Arthur andersen,
6 LLP Professional Fees - 6/15/99 114,320 102,584 417,543
- -----------------------------------------------------------------------------------------------------------------------------------
Pricewaterhouse
7 Coopers, LLP Professional Fees - 6/25/99 189,148 189,148 1,241,156
- -----------------------------------------------------------------------------------------------------------------------------------
Sugarman &
8 Company, LLP Professional Fees - 6/3/99 144,402 75,647 407,017
- -----------------------------------------------------------------------------------------------------------------------------------
Total Payments to Professionals 753,681 656,256 3,911,504
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
SECURED NOTES, LEASES PAYABLE AND
ADEQUATE PROTECTION PAYMENTS
- -----------------------------------------------------------------------------------------------------------------------------------
SCHEDULED AMOUNTS PAID TOTAL
NAME OF MONTHLY DURING UNPAID
CREDITOR PAYMENTS DUE MONTH POSTPETITION
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 MLC 7,054 7,054 -
- -----------------------------------------------------------------------------------------------------------------------------------
2
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
4
- -----------------------------------------------------------------------------------------------------------------------------------
5
- -----------------------------------------------------------------------------------------------------------------------------------
Total 7,054 7,054 -
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
QUESTIONNAIRE
MONTH: July-99 YES NO
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
1 Have any assets been sold or transferred outside the normal course of business this reporting period? X
- -----------------------------------------------------------------------------------------------------------------------------------
2 Have any funds been disbursed from any account other than a debtor in possession account? X
- -----------------------------------------------------------------------------------------------------------------------------------
3 Are any postpetition receivables (accounts,notes, or loans) due from related parties? X
- -----------------------------------------------------------------------------------------------------------------------------------
4 Have any payments been made on prepetition liabilities this reporting period? X
- -----------------------------------------------------------------------------------------------------------------------------------
5 Have any postpetition loans been received by the debtor from any party? X
- -----------------------------------------------------------------------------------------------------------------------------------
6 Are any postpetition payroll taxes past due? X
- -----------------------------------------------------------------------------------------------------------------------------------
7 Are any postpetition state or federal income taxes past due? X
- -----------------------------------------------------------------------------------------------------------------------------------
8 Are any postpetition real-estate taxes past due? X
- -----------------------------------------------------------------------------------------------------------------------------------
9 Are any other postpetition taxes past due? X
- -----------------------------------------------------------------------------------------------------------------------------------
10 Are any amounts owed to postpetition creditors past due? X
- -----------------------------------------------------------------------------------------------------------------------------------
11 Have any prepetition taxes been paid during the reporting period? X
- -----------------------------------------------------------------------------------------------------------------------------------
12 Are any wage payments past due? X
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
If the answer to any of the above questions is "YES", provide a detailed
explanation of each item. Attach additional sheets if necessary
(See attachment 8A)
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
INSURANCE YES NO
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 Are worker's compensation, general liability and other necessary insurance coverages in effect? X
- -----------------------------------------------------------------------------------------------------------------------------------
2 Are all premium payments paid current? X
- -----------------------------------------------------------------------------------------------------------------------------------
3 Please itemize policies below.
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
If the answer to any of the above questions is "NO", or if any policies have
been cancelled or not renewed during this reporting period, provide an
explanation below. Attach additional sheets if necessary.
(See attachment 8B)
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
INSTALLMENT PAYMENTS
- -----------------------------------------------------------------------------------------------------------------------------------
TYPE OF
POLICY CARRIE PERIOD COVERED
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
PHP Healthcare Corporation
Case #98-2608 (MFW)
For the month ended July 31, 1999
Additional information for questionnaire
Question #
3. Certain payments have been made in the ordinary course of business for Health
Cost Consultants. These amounts are reflected in cash disbursements on page
2.
4. In accordance with orders from the Bankruptcy Court, prepetition amounts were
paid for employee benefits and payroll related taxes. These amounts are
reflected in cash disbursements on page 2.
Attachment 8A
<PAGE>
PHP Healthcare Corporate Insurance
<TABLE>
<CAPTION>
Policy Type Carrier Term Coverage
<S> <C> <C> <C>
Real/Personal Property Travelers 12/31/98-99 $ 30.4
Indemnity
Auto Wausau 12/31/98-99 $ 1M
Lawyers Malpractice Executive 6/30/99-00 $ 1M
Risk
Directors & Officers (D&O) Tamarack 3/31/99-00 $ 5M
American
D&O Extended Reporting National 3/30/99-00 $ 15M
Period Union
Employment Practices Zurich 4/15/99-00 $ 1M
Liability
General Liability Trans- 5/01/99-00 $ 2M
America
Dishonesty/Forgery/Theft Gulf 12/31/97-00 $ 1M
Insurance
Workers Compensation Wausau 12/31/98-99 By Law
Medical Malpractice Professional Unlimited $1M/3M
"Tail" Coverage * Underwriters 7 years $4M/4M
Fiduciary Responsibility Chubb 12/31/98-99 $ 3M
</TABLE>
* Separate extended reporting period (tail) coverage was purchased for the
Fairfax, VA; Woodbridge, VA; Columbus, GA; Tustin, CA; Vista, CA, PrimeCare, VA;
and Chrysler's Kenosha, WI/Newark, DE projects to support the sale/disposition
of those activities.
Attachment 8B
<PAGE>
CASH BASIS-9
<TABLE>
<CAPTION>
MONTH: July-99
PERSONNEL
- ----------------------------------------------------------------------------------------------------------------
Full Time Part Time
<S> <C> <C>
1 Total number of employees at beginning of period 26
2 Number of employees hired during period 0
3 Number of employees terminated or resigned during the period 3
4 Total number of employees at the end of the period 23
- ----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------
CHANGE OF ADDRESS
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
If your mailing address has changed and you have not previously notified
the United States Trustee of the change, list your new address below:
DATE OF CHANGE:
___________________
NEW ADDRESS:
_________________________________
_________________________________
_________________________________
